China's fixed-asset investment up 5.5 pct in first eight months

Source: Xinhua | 2019-09-17

China's fixed-asset investment (FAI) grew 5.5 percent year on year in the first eight months of 2019, 0.2 percentage points slower than the first seven months, the National Bureau of Statistics (NBS) said Monday.
Compared with the same period of last year, the growth was up 0.2 percentage points.
The FAI amounted to 40.06 trillion yuan (about 5.67 trillion U.S. dollars) in the Jan.-Aug. period, NBS data showed.
Private-sector investment increased 4.9 percent to 23.7 trillion yuan, 0.5 percentage points slower than that in the first seven months.
The FAI includes capital spent on infrastructure, property, machinery and other physical assets.